20171005_RUT.jpg (959×502)

For example, in this case, we see the Russell 2000 now reaching the vicinity of the 161.8% Fibonacci Extensions of the following noteworthy recent declines. That is, the RUT is now above the top of the declines by a margin equal to approximately 61.8% of the respective ranges of the declines:

The 161.8% Fibonacci Extension of the 2015-2016 Decline ~1514 The 161.8% Fibonacci Extension of the recent July-August Decline ~1516